William Fry News Articles & Insights Events

Insurance Update: Irish Minister for Finance Announces Commencement of Consumer Insurance Contracts Act 2019

On 17 July 2020, the Minister for Finance, Paschal Donohoe T.D., announced that the Consumer Insurance Contracts Act 2019 (the Act) will be commenced in two stages, with the bulk of the provisions taking effect from 1 September 2020.

Brexit: The Current State of Play on Solvency II equivalence for the UK

The EU and the UK have failed to meet the 30 June 2020 deadline for Solvency II equivalence assessments.

Standards are Upheld but Shield Sinks Under Harbour Waves

European Court upholds validity of Standard Contractual Clauses but not Privacy Shield as international transfer regime, though with strings attached for businesses and regulators.

Return of the Live Injunction – Premier League Live Injunction Extended to Combat Illegal Streaming

The Premier League has been granted an extension to a live blocking injunction for the remainder of the 2019/2020 season and the 2020/2021 season to prevent the illegal streaming of Premier League matches. We discuss the recent decision of the High Court, sitting as the Commercial Court, and the potential implications for intellectual property rights in sports in this article.

Central Bank Publishes Consultation Paper on Pre-Emptive Recovery Planning for (Re)Insurers

The CBI's consultation paper contains proposals for regulations and guidelines on pre-emptive recovery plans.

Central Bank Data Requests Issued to Corporate Debt & Real Estate Funds

Following on from our June briefing (ESMA supports targeted review of corporate debt and property funds) the Central Bank has begun contacting UCITS managers and AIFMs with funds in scope of the supervisory review recommended by the ESRB to assess funds preparedness for increased redemptions and valuation uncertainty due to COVID-19.

Significant High Court Decision – a Cautionary Tale for Employers Dismissing during Probation

High Court confirms employee's implied contractual right to fair procedures applies in context of a performance-based dismissal during probation

The Power of Inclusive Leadership in a Virtual World

Catherine O'Flynn, Head of our Employment & Benefits department, moderated a panel for the HR Directors Series looking at The Power of Inclusive Leadership in a Virtual World

Consumer Insurance Contracts Act 2019 – the Funeral Bell for Existing Duty of Disclosure?

In this article we discuss a recently decided High Court case on the duty to disclose material facts in insurance contracts and potential changes to this duty which will impact insurers.